Advent Capital Management

Rating Overview

Advent Capital Management is Medium Risk.

Advent Capital Management, LLC is Medium Risk. The company often yields to political activism in shaping corporate governance, potentially alienating consumers, dividing employees, and harming shareholders. The company elevates merit, excellence, and integrity ahead of race and identity-based policies. The company occasionally embraces corporate initiatives that redirect its central focus from business goals to partisan policies and divisive issues at times. This approach fails to safeguard free exercise, free speech, and free enterprise.

Rating Criteria

Corporate Weaponization Risk Levels
Criteria	Risk Level
Cancellations	Medium Risk
Discriminatory Philanthropy	No Data
Employment Protection	Medium Risk

Corporate Weaponization ⓘ

Corporate Governance and Public Policy Risk Levels
Criteria	Risk Level
Advocacy Bias	High Risk
Funding	Lower Risk
Political Actions	No Data

Corporate Governance and Public Policy ⓘ

Rating Criteria Detail

Criteria Risk Level Rationale

Corporate Weaponization

Criteria:

Has canceled customers, suppliers, or vendors due to their political views or religious beliefs OR corporately boycotts, divests, or sanctions regions, people groups, or industries.

Risk Level:

Medium

Rationale:

Advent Capital Management is a signatory of the Principles for Responsible Investment, incorporating ESG issues into investment analysis, decision-making, and other business practices (1)(2)(3). The company integrates ESG into its business practices. From its ESG and Responsible Investment Philosophy document: “Our approach aims to incorporate environmental, social, and governance (ESG) considerations into our investment process” (4). However, Advent Capital Management has not publicly canceled customers, suppliers, or vendors based on political views or religious beliefs (5).

Criteria:

Charitable giving (including employee matching programs) policies or practices discriminate against charitable organizations based on views or religious beliefs.

Risk Level:

N/A

Rationale:

Advent Capital Management does not publish charitable giving guidelines (1).

Criteria:

Employment policies fail to protect against viewpoint or other discrimination and/or are ideological in nature.

Risk Level:

Medium

Rationale:

Advent Capital Management does not publish a nondiscrimination policy (1)(2).

Corporate Governance and Public Policy

Criteria:

Uses corporate reputation to support causes, organizations, or policies hostile to freedom of expression.

Risk Level:

High

Rationale:

Advent Capital Management supports DEI within its business practices, hosting a D&I Committee (1). The company supports DEI within its business practices. From its Culture page: “We champion diversity because it is essential to our ability to offer our clients the best and most thoughtful solutions. We cultivate inclusion because we believe people do their best work when they can be their true selves” (2). Advent Capital Management supports ESG within its business practices. From its ESG & Responsible Investment Page: “Environmental, social, and governance considerations are therefore consciously implemented as both a means to create individual, tailored client solutions and to create positive impact on the value, performance and reputation of the investments we make on behalf of our clientele” (3).

Criteria:

Uses corporate funds to advance ideological causes, organizations, or policies hostile to freedom of expression.

Risk Level:

Lower

Rationale:

Advent Capital Management has not used corporate funds to advance ideological causes, organizations, or policies (1).

Criteria:

Uses corporate political actions and/or financial contributions for ideological, non-business purposes.

Risk Level:

N/A

Rationale:

Advent Capital Management does not operate a PAC or engage in lobbying at this time (1)(2)(3).